Semantic Foundation Inc
- Assets
- $537.2k
- Revenue
- $9.8k
- Investments
- $344.6k
- Employees
- 0
- Location
- Hudson, OH
- Founding
- 02/1995
- Data as of
- 12/2022
- EIN
- 34-1787248
Organization Overview
Semantic Foundation Inc is located in Hudson, OH. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Semantic Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Semantic Foundation Inc generated $9.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $32.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Semantic Foundation Inc has awarded 13 individual grants totaling $425,550. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen E Myers President | 1 | $0 | |
Celeste Myers Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $71 |
| Dividends & Interest | $9,720 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $114,921 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,791 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $464 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $1,427 |
| Contributions, gifts, grants paid | $31,000 |
| Total expenses and disbursements | $32,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,781 |
| Savings and temporary cash investments | $151,848 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $537,214 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Semantic Foundation Inc has awarded $31,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CURATED STOREFRONT PURPOSE: GENERAL SUPPORT | $5,000 |
FRONT EXHIBITION COMPANY PURPOSE: CLEVELAND TRIENNIAL FOR CONTEMPORARY ART | $10,000 |
PUBLIC COMMUNICATIONS INC PURPOSE: SUMMER'S SPECIAL PROJECTS | $5,000 |
UNIVERSITY OF AKRON FOUNDATION PURPOSE: COLLEGE OF BUSINESS ADMINISTRATION SUPPORT & DR. STEPHEN F. HALLAM MEMORIAL SCHOLARSHIP | $11,000 |